Number of operating companies in Hatta reaches 791, an increase of 22% in 10 years
Business Company Formation in Dubai Dubai

791 operating companies in Hatta, a 22% increase in 10 years – DED.

A report from the Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, shows that the number of operating businesses in Hatta has reached 791, a 22% growth from 2009 to 2018. The licenses issued according to the activities were: commercial (533), professional (244), industry (11) and tourism (3). The […]

Dubai business skyline
Business Company Formation in Dubai Dubai

2,046 new Business licenses in first month of 2019, up 20% from January ’18 – DED

The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, issued 2,046 new licenses during January 2019, a growth of 20% compared to January 2018 (1,703). Among the new licenses issued, 64.5% were commercial, 33.7% professional, 1.2% related to tourism and 0.6% industry. The ‘Business Map’ digital platform of DED, […]

Top 10 Investors
Business Company Formation in Dubai Dubai

Kuwaitis are among top 10 investors in Dubai restaurants and cafes sector – DED

The number of active business licenses issued to Kuwaiti entrepreneurs in Dubai has reached 2,052, according to a report issued by the Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai. These business licenses have 6507 investors including 6181 businessmen and 326 women entrepreneurs. Of the licenses issued, 1501 were […]

DFSA BUSINESS IN DUBAI
Business Dubai

DFSA SIGNS MOU WITH BANK AL MAGHRIB

The Dubai Financial Services Authority (“DFSA”) has signed a Memorandum of Understanding (“MoU”) with Morocco’s Bank Al Maghrib to cooperate in the authorisation and supervision of banks operating in the Dubai International Financial Centre (DIFC) and the Kingdom of Morocco. The MoU was signed by the Chief Executive of the DFSA, Bryan Stirewalt, and Abdellatif […]

Rotana Hotel Dubai
Business Company Formation in Dubai Dubai

UAE hotel company Rotana to launch pilot with Airbnb in Dubai

Rotana, a private hotel management company in Abu Dhabi, will pilot a direct distribution agreement with Airbnb in Dubai, even as it seeks opportunities for expansion in Syria, Africa and eastern Europe, according to its acting chief executive. The agreement with Airbnb, which operates an online marketplace for the hospitality sector based on voluntary listings, […]

AI & ROBOTICS DUBAI
Business Dubai

DUBAI ATTRACTS OVER $21BN FOREIGN INVESTMENT IN AI, ROBOTICS

Dubai has attracted more than $21 billion of foreign direct investment (FDI) for artificial intelligence and robotics project between 2015 and 2018. Dubai ranked first globally in attracting FDI for AI, with the most coming from the European Union and the United States — $5.7 billion and $3.9 billion respectively. While AI adoption will account […]

Agri-tech Dubai business formation
Abu Dhabi

Abu Dhabi rolls out Dh1bn incentive scheme in support of agri-tech companies

The Abu Dhabi Government has launched a Dh1 billion-program to support the establishment of agricultural technology companies in the emirate, as part of the Ghadan 21 three-year stimulus package, announced last year. The “AgTech” initiative is part of an accelerator program to establish the UAE’s capital as a global centre for agricultural innovation in desert […]